Expedia Group (NASDAQ:EXPE) Upgraded by Wall Street Zen to "Buy" Rating

Expedia Group (NASDAQ:EXPE - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Several other research firms have also recently issued reports on EXPE. Cantor Fitzgerald reiterated a "neutral" rating and set a $170.00 price objective on shares of Expedia Group in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their target price on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. UBS Group reduced their price target on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Oppenheimer decreased their price objective on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Morgan Stanley decreased their price target on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $187.19.

Expedia Group Trading Up 0.4%

Shares of NASDAQ:EXPE opened at $183.64 on Friday. The stock has a 50 day moving average of $168.56 and a 200 day moving average of $172.77. The company has a market cap of $23.34 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group has a 12-month low of $110.20 and a 12-month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. As a group, equities research analysts expect that Expedia Group will post 12.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in Expedia Group during the fourth quarter worth $408,000. Proficio Capital Partners LLC bought a new stake in Expedia Group during the fourth quarter valued at about $17,602,000. Independent Advisor Alliance boosted its position in Expedia Group by 26.5% during the fourth quarter. Independent Advisor Alliance now owns 2,370 shares of the online travel company's stock valued at $442,000 after purchasing an additional 497 shares in the last quarter. HighTower Advisors LLC boosted its position in Expedia Group by 43.0% during the fourth quarter. HighTower Advisors LLC now owns 69,596 shares of the online travel company's stock valued at $12,968,000 after purchasing an additional 20,925 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Expedia Group by 75.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after purchasing an additional 117 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.

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